Automotive Textiles Market Size

Automotive Textiles Market size was over USD 32.3 Billion in 2023 and is poised to exceed USD 47.1 Billion by the end of 2036, witnessing over 3.2% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of automotive textiles will be valued at around USD 33.3 billion.

The market expansion is primarily attributed to the increasing automobile production, which demands comfortable and modern vehicle textiles. The automotive industry is continuously growing credited to various factors such as urbanization, population growth, and rising disposable income. According to a report by the European Automobile Manufacturers’ Association in 2023, more than 85.0 million vehicles were produced globally, witnessing an increase of about 5.7% in 2021. This includes electric vehicles, heavy vehicles, passenger vehicles, buses, and light commercial vehicles. Furthermore, these vehicles require a diversified range of automotive textiles for several purposes such as components, carpeting, upholstery, headliners, and seating.